Skip to content
Skip navigation

Project Profile: 290/130 Flyovers Project (290 Toll/Manor Expressway Phase III)

290/130 Flyovers Project (290 Toll/Manor Expressway Phase III)

photo credit: Central Texas Regional Mobility Authority

Location

Austin, Texas

Project Sponsor / Borrower

Central Texas Regional Mobility Authority

Texas Department of Transportation

Program Areas

Project FinanceTolling and PricingTIFIA

Mode

Toll Highway

Description

The 290 Toll Road (Manor Expressway) is a 6.2-mile toll facility in the eastern Austin, Texas metropolitan region, extending from US 183 in Austin to east of Parmer Lane in Manor, Texas where the road becomes toll-free US 290 and continues east toward Elgin and ultimately Houston. The toll facility upgraded the existing US 290, effectively tripling capacity by adding three tolled lanes in each direction, while preserving the three non-tolled, general purpose lanes in each direction. The 290 Toll Road links with the north-south US 183 and SH 130 (a Texas Department of Transportation [TxDOT] toll facility).

The Central Texas Regional Mobility Authority (CTRMA), which is authorized under Texas law to implement and operate a wide range of transportation improvements in the Austin region, opened 290 Toll in May 2014 after constructing four tolled direct connector ramps between US 183 and what would become the 290 Toll mainlanes.

Soon after opening, the new roadway experienced high demand leading to traffic congestion at the intersection of the westbound frontage roads of 290 Toll and the southbound SH 130 frontage roads. CTRMA initiated an interim intersection improvement project in 2015 to address the resulting mobility and safety issues. This included dual right turn lanes on the southbound SH 130 frontage road, a southbound through-lane on the frontage road, the extension of the merge of the sweeping right turn, an extra lane on the westbound entrance ramp to the 290 Toll mainlanes, and additional signage. The improvements opened to traffic in September 2016.

CTRMA and TxDOT are now pursuing a more comprehensive solution to the 290 Toll/SH 130 interchange to provide drivers with free-flowing direct connections and to free up capacity on the frontage road intersection underneath the toll facilities. The 290/130 Flyovers project will add three direct connectors between the two toll roads, augmenting the single existing flyover connecting 290 Toll eastbound (EB) to SH 130 northbound (NB) currently operated by TxDOT. The three additional direct connectors are:

  • SH 130 southbound (SB) to 290 Toll westbound (WB) - Constructed and operated by CTRMA
  • SH 130 NB to 290 Toll WB - Constructed and operated by CTRMA
  • 290 Toll EB to SH 130 Toll SB - Constructed by CTRMA pursuant to agreement with TxDOT, and operated by TxDOT

CTRMA and TxDOT will share the $127 million project cost and CTRMA will deliver the project via a traditional design-bid-build construction contract. CTRMA is financing its two direct connectors with a combination of toll revenue bonds and a TIFIA direct loan. TxDOT is using turnpike system revenue bonds to finance its direct connector.

Cost

$127 million (total project cost including construction contract, toll collection systems, construction oversight, inflation and contingencies)

  • SH 130 SB to 290 Toll WB and SH 130 NB to 290 Toll WB - $85.9 million
  • 290 Toll EB to SH 130 Toll SB - $41.1 million

$71.2 million (lump sum construction contract price)

  • SH 130 SB to 290 Toll WB and SH 130 NB to 290 Toll WB - $51.8 million
  • 290 Toll EB to SH 130 Toll SB - $19.4 million

Contingency

  • SH 130 SB to 290 Toll WB and SH 130 NB to 290 Toll WB - $11.3 million
  • 290 Toll EB to SH 130 Toll SB - $15.3 million
Funding Sources

SH 130 SB to 290 Toll WB and SH 130 NB to 290 Toll WB

  • Series 2018 Senior Lien Toll Revenue Bonds - $39.0 million
  • TIFIA loan - $46.94 million (taking out Series 2018 Bond Anticipation Notes)

290 Toll EB to SH 130 Toll SB

  • TxDOT Central Texas Turnpike System (CTTS) Revenue Bonds - $41.4 million
Project Delivery / Contract Method

Design-bid-build

Private Partner

None

Project Advisors / Consultants

CP&Y - Design

Webber, LLC - Contractor

To CTRMA (TIFIA, Series 2018 Senior Lien Revenue Bonds and Series 2018 Bond Anticipation Notes)

  • Hilltop Securities - Financial Advisor
  • Locke Lord LLP - General Counsel
  • Bracewell LLP - Bond Counsel, Disclosure Counsel
  • Jefferies LLC - Bond Underwriter
  • Stantec - Traffic and Revenue Consultant
  • Atkins - General Engineering Consultant

To USDOT Build America Bureau

  • Skadden, Arps, Slate, Meagher & Flom - TIFIA Legal Advisor
  • Louis Berger - TIFIA Financial Advisor
  • Louis Berger - TIFIA Traffic and Revenue Advisor
Lenders

Bondholders, USDOT Build America Bureau (TIFIA)

Duration / Status

Contract executed with Webber October 4, 2018.

Early construction activities began December 2018.

Expected substantial completion June 2021.

TIFIA Credit Assistance

Direct Loan - $46.94 million

The TIFIA loan will be repaid by toll revenues from the project as well as from four other projects developed by CTRMA: 183A (Phase I and II), 290E (Phase I and II), SH71, and 183S. Of these, the first three projects are operational and the fourth project (183S) is expected to begin revenue service around mid-2020.

Financial Status

TIFIA credit agreement was executed on March 21, 2019.

CTRMA issued $44.3 million in Senior Lien Toll Revenue Bonds and $46.0 million in Bond Anticipation Notes in November 2018.

Innovations
  • The contractor may earn an incentive payment of $8,000 per day for each day that substantial completion is reached prior to the interim substantial completion deadline of 380 work days after notice to proceed (NTP), up to a maximum of 45 days and $360,000. Conversely, the contractor will incur liquidated damages of $8,000 per day for each day beyond the interim substantial completion deadline. The contractor will also incur damages of $18,000 per day beyond substantial completion for the entire project (580 working days after NTP) and $5,000 per day beyond final acceptance (670 working days after NTP). Liquidated damages do not have a contractual limit.
  • CTRMA uses a five-year, performance-based maintenance contract for its facilities, which is structured to allow the Authority to add the 290/130 Flyovers to the contract following substantial completion.
Related Links / Articles

CTRMA 290 Toll Website

290/130 Flyovers Project Website

Contacts

Bill Chapman
Chief Financial Officer
CTRMA
Website Contact

Tucker Ferguson, PE
Austin District Engineer, TxDOT
Tel: (512) 832-7000
tucker.ferguson@txdot.gov

back to top